Stanley Tang Sells 10,134 Shares of DoorDash (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 10,134 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $225.00, for a total transaction of $2,280,150.00. Following the transaction, the director directly owned 10,361 shares in the company, valued at $2,331,225. This trade represents a 49.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stanley Tang also recently made the following trade(s):

• On Friday, August 21st, Stanley Tang sold 72,367 shares of DoorDash stock. The shares were sold at an average price of $225.16, for a total value of $16,294,153.72.
• On Friday, August 21st, Stanley Tang sold 9,999 shares of DoorDash stock. The stock was sold at an average price of $225.00, for a total value of $2,249,775.00.
• On Thursday, August 20th, Stanley Tang sold 2,160 shares of DoorDash stock. The stock was sold at an average price of $220.62, for a total value of $476,539.20.
• On Monday, August 3rd, Stanley Tang sold 67,693 shares of DoorDash stock. The stock was sold at an average price of $200.63, for a total value of $13,581,246.59.
• On Thursday, July 2nd, Stanley Tang sold 23,125 shares of DoorDash stock. The shares were sold at an average price of $191.19, for a total value of $4,421,268.75.

DoorDash Trading Down 2.1%

Shares of DoorDash stock opened at $231.89 on Friday. The stock has a market capitalization of $100.48 billion, a PE ratio of 121.41 and a beta of 1.78. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The stock has a 50 day moving average price of $197.83 and a two-hundred day moving average price of $176.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The firm had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period in the previous year, the company earned $0.65 earnings per share. DoorDash’s revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, equities analysts anticipate that DoorDash, Inc. will post 2.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DoorDash

Large investors have recently bought and sold shares of the stock. Intech Investment Management LLC increased its position in shares of DoorDash by 707.8% during the fourth quarter. Intech Investment Management LLC now owns 253,348 shares of the company’s stock valued at $57,378,000 after acquiring an additional 221,985 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in DoorDash by 9.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 156,960 shares of the company’s stock valued at $35,548,000 after purchasing an additional 13,121 shares during the period. Allstate Corp grew its stake in DoorDash by 116.7% in the 4th quarter. Allstate Corp now owns 29,227 shares of the company’s stock valued at $6,619,000 after purchasing an additional 15,741 shares during the period. Brighton Jones LLC increased its position in shares of DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,807 shares during the last quarter. Finally, JCP Investment Management LLC purchased a new stake in shares of DoorDash during the 1st quarter valued at $991,000. 90.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Argus set a $190.00 price objective on shares of DoorDash in a research note on Thursday, June 11th. DA Davidson decreased their target price on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Rothschild & Co Redburn set a $350.00 target price on shares of DoorDash in a report on Tuesday, May 12th. Piper Sandler restated a “neutral” rating and issued a $220.00 target price (up from $205.00) on shares of DoorDash in a report on Thursday, August 6th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $225.00 price target on shares of DoorDash in a research report on Thursday, August 6th. Twenty-three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $254.53.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash expanded its retail marketplace by adding Kohl’s, Barnes & Noble and Carter’s, bringing approximately 500,000 additional products to its platform ahead of the back-to-school season. The move supports DoorDash’s strategy to diversify beyond restaurant delivery and could increase order frequency and marketplace volume. DoorDash adds retail names and products
• Positive Sentiment: The company launched college-football season promotions featuring rewards, gift-card offers, DashPass perks and prize contests. The campaign could strengthen customer engagement and support delivery demand, although no financial impact was provided. DoorDash college football promotion
• Neutral Sentiment: DoorDash reported that pecan orders increased 28% as restaurants rolled out fall menus earlier. The data illustrates seasonal demand and offers marketing exposure, but it is not company guidance or a material financial forecast. DoorDash fall flavor data
• Negative Sentiment: Several executives and directors disclosed stock sales: COO Prabir Adarkar sold 55,289 shares for about $12.8 million; CEO Tony Xu sold 33,334 shares for roughly $7.7 million; and Director Stanley Tang sold 10,134 shares for approximately $2.3 million. The general counsel and chief accounting officer also sold shares. All transactions were conducted under pre-arranged Rule 10b5-1 plans, which reduces their value as a bearish signal, but the scale of the sales—particularly Xu’s sharply reduced ownership—could still weigh on sentiment. DoorDash insider sales

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.